Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 21 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
VDV Pharma from Schaarbeek, company number BE0750740804, closed financial year 2025 with a result of € 66,371 after tax. For that financial year VDV Pharma recorded a gross margin of € 281,698 and equity of € 201,427. Compared with financial year 2024, the result moved from € 106,614 to € 66,371. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on November 17, 2025.
€ 201,427
▲ 49% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 66,371
▼ 38% vs 2024
Profit after tax over the fiscal year.
€ 62,510
▼ 55% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 176,427.
People and assets in 2025
1.5
▲ 0.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 95,429
▲ 47% vs 2024
€ 63,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 29,167
▲ € 25,978 vs 2024
Of which on lease € 26,140.
Debts at end 2025
€ 683,120
▼ 6% vs 2024
€ 73,646 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 50,491
▲ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 19,349
▲ 22% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 272,343 | € 265,189 | € 301,615 | € 281,698 | ▼ 7% |
| Profit after taxes | € 122,117 | € 84,465 | € 106,614 | € 66,371 | ▼ 38% |
| Equity | € 163,976 | € 248,442 | € 135,056 | € 201,427 | ▲ 49% |
| Total debts | € 394,294 | € 1,347,523 | € 1,490,492 | € 1,316,731 | ▼ 12% |
| Cash | € 104,711 | € 63,780 | € 140,392 | € 62,510 | ▼ 55% |
| Land & buildings | - | € 330,845 | € 318,560 | € 313,820 | ▼ 1% |
| Retained profit | € 138,976 | € 223,442 | € 110,056 | € 176,427 | ▲ 60% |
| Dividend | € 0 | € 0 | € 220,000 | € 0 | ▼ 100% |
| Bank debt | € 318,274 | € 787,031 | € 724,556 | € 683,120 | ▼ 6% |
| Balance sheet total | € 558,270 | € 1,595,965 | € 1,625,548 | € 1,518,158 | ▼ 7% |
| Employees (FTE) | - | 0.9 | 0.9 | 1.5 | ▲ 0.6 |
Key figures of VDV Pharma, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to VDV Pharma?
What happened at VDV Pharma in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 66,371 (▼ 38% vs 2024). Source: NBB ↗
- New establishment in Schaarbeek. KBO
- Start of the company according to the CBE. KBO
In short
From € 122,117 profit in 2022 to € 66,371 profit in 2025.
Paid € 107,575 in corporate taxes since 2022.
Best year ever: 2022, with € 122,117 profit.
On average € 187,800 of value added per employee in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind VDV Pharma is Julie Pyls. It owns 100% of SRL Pharmacie Morlighem itself.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Helmetsesteenweg 373
1030 Schaarbeek
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0750.740.804
- VAT number
- BE 0750.740.804
- Registered office
- Helmetsesteenweg 373, 1030 Schaarbeek
- Names & denominations
- VDV Pharma
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 16 July 2020
- Peppol
- Active · Active since 17 Nov 2025
- Activities · NACE
Detailhandel in farmaceutische producten